BANK OF TANZANIA
PROSPECTUS FOR TREASURY BONDS
The Bank of Tanzania, as fiscal agent for the United Republic of Tanzania invites applications for the above bond whose terms and conditions are given thereunder:-
Issuer: United Republic of Tanzania
Agent: Bank of Tanzania
Mode: By auction
Price: Par value
Maturity: Two years
Interest: Uniform rate based on bids received during the auction determined; Fixed during the tenure of the bond.
Interest Payments: Semi-annual
Minimum Amount: TZS One million
Tax: Exempted from withholding tax
Participation: Open for all (after licensing of Primary Dealers, it will be restricted to Primary Dealers)
Auction Date: Weekly every Wednesday.
Registration: Register will be kept in the Domestic Market Department of the Bank of Tanzania.
Once Primary Dealers are appointed there will be a commission for agents.
1.0 Bidding Process:
2.0 Settlement Arrangements:
3.0 Interest and Principal Payments:
4.0 Secondary Market Trading:
Loss of bonds must be reported to the police and the Bank of Tanzania. This must also be published in a paper of wider circulation. The bond will be replaced 1 month after that notice. In case of mutilated certificates, the remaining portion of the certificate should be submitted to the Bank of Tanzania for assessment before replacement is made.
Domestic Markets Department